Thursday, January 31, 2008

New breed of Indian IT companies - built on a platform of innovation and differentiation

For K Ganesh, founder of TutorVista and a serial entrepreneur, the real crux of the change is the movement from being an IT service provider to actually being an owner of the value creation. Till now, for any IT service or product, there might be an Indian connection but there is very little value which has been captured by Indian IT players.

Nasscom recently launched the Nasscom, ICICI Knowledge Park Innovation Fund (NIIF) with anchor investors being Tata Consultancy Services (TCS), Bharti Airtel and ICICI Knowledge Park. This Rs 100 crore fund is targeted to provide seed stage investments to promote intellectual property-driven innovation in emerging technologies.

The key areas being wireless technologies, automotive infotronics, life sciences, energy conservation technologies and medical devices.
-The Economic Times

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